Tesla, Inc.’s Stock Price Plummets to $188.14, Reflecting a Sharp 7.16% Decline

Tesla, Inc. (TSLA)

188.14 USD -14.50 (-7.16%) Volume: 134.33M

Tesla, Inc.’s stock price stands at 188.14 USD, experiencing a downtrend with a 7.16% decrease this trading session on a high trading volume of 134.33M. The electric vehicle giant’s year-to-date performance also shows a decline of -24.28%, reflecting a challenging market scenario for TSLA.

Latest developments on Tesla, Inc.

Several factors have resulted in fluctuating Tesla Motors stock prices today. The controversy surrounding Tesla’s turn signals potentially affecting its safety rating, legal disputes over Elon Musk’s $56B pay package, and a drop in China-made car sales have all contributed to the volatility. Furthermore, price cuts announced in China and a slowdown in Gigafactory deliveries have led to a more than 7% tumble in Tesla’s stock. Despite these challenges, Tesla continues to innovate, launching new locations for Model 3/Y and Cybertruck wraps, and opening the fastest EV charger in the US to the public in New York City.

Tesla, Inc. on Smartkarma

According to top independent analysts on Smartkarma, Tesla Motors has been receiving mixed coverage. Analyst Vicki Bryan, known for her bearish stance on the company, has published a report titled “Elon Musk Can’t Be Trusted. He Also Can’t Be Stopped, Apparently.” In her report, she highlights the uptick in Musk’s erratic behavior and the potential negative impact on the company’s first quarter results. She also mentions Tesla’s ongoing safety violations and government investigations, as well as Musk’s attempts to dodge an SEC investigation. On the other hand, analyst Baptista Research, who has a bullish outlook on Tesla, has published a report discussing the company’s accomplishments in 2023, including record production and shipments. They also mention Tesla’s status as the highest production automotive plant in North America. Douglas Kim, another bearish analyst, has reported that Tesla sold only one car in January 2024 in South Korea, citing the government’s slashing of EV subsidies for vehicles with Chinese LFP based batteries. However, analyst Andrew Lu believes that Tesla’s pricing stability and cost-cutting efforts have resulted in a rebound in profits per EV in the fourth quarter of 2023. He also mentions the potential for profits to further increase with the improvement of Tesla’s FSD Beta version. Overall, the analyst coverage on Tesla Motors on Smartkarma is varied, with some expressing concerns and others highlighting positive developments.

A look at Tesla, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Tesla Motors, the multinational automotive and clean energy company, has received a Smartkarma Smart Score of 3 out of 5. This score is an overall indication of the company’s long-term outlook based on various factors. Tesla is known for designing and manufacturing electric vehicles, battery energy storage, solar panels, and related products and services. The company also has its own sales and service network and supplies electric power train components to other automobile manufacturers.

Based on the Smartkarma Smart Scores, Tesla has a high growth potential with a score of 5 out of 5. This can be attributed to the increasing demand for electric vehicles and clean energy solutions. The company also has a strong resilience score of 5, indicating its ability to withstand economic downturns and market volatility. However, Tesla’s value score is only 2 out of 5, suggesting that the stock may be overvalued. Additionally, the company does not offer any dividends, earning a score of 1 in that category. Overall, while Tesla has a promising future, investors should carefully consider the company’s valuation before making any investment decisions.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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